Answer:
The answer is B. government's spending exceeds its tax revenues
Explanation:
Government budget records deficit if its spending is more than its revenue. The main source of government revenue is from tax. And government record surplus if its revenue is more than its spending.
One of the disadvantages of government budget deficit is that inflation rate will be rising. Government might spend to stimulate the economy.
Answer:
The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:
<em>- usually from a consolidated statements, transactions with outside parties are only reflected.
</em>
<em>- usually from a consolidated perspective, there is neither a sale nor a purchase has occurred.</em>
Answer:
d. more consumer goods can only be produced at the cost of fewer capital goods.
Explanation:
The production possibility curve is a curve that shows the two combinations of goods and services produced in an economy when its resocurces are fully employed.
To increase the production of one good, more quantity of the other good has to be given up.
The opportunity cost of production increases as more quantity of one good is produced.
In this question, to produce more consumer goods, fewer capital goods would be produced.
I hope my answer helps you
